Phoenix Development News (3)

[azsunsurfer]

Originally Posted by Chestnut1

The PBJ article primarily about Astra mentions other projects Aspirant is working on. I tend to believe these things when there are permits, but we'll see.

Meanwhile, the developer is moving forward on a 25-story apartment tower at the southwest corner of Central Avenue and McDowell Road in Phoenix.

On March 29, the company paid $13 million for the 3.29-acre parcel at 1500 N. Central Ave., across the street from the Phoenix Art Museum, according to Tempe-based real estate database Vizzda LLC.

That $145 million development will include 17,000 square feet of retail space and 325 apartment units, Jacobs said. It's near a light rail station and is next door to The Spaghetti Factory.

The team is also working on a 500-unit apartment tower in downtown Tempe, while continuing to develop build-to-rent communities across the country.

Does anyone know which Tempe project is this?

[AZRAM]

https://ktar.com/story/5570002/arizo...-construction/

[locolife]

Originally Posted by azsunsurfer

Does anyone know which Tempe project is this?

I believe that one.

https://azbex.com/planning-developme...nned-in-tempe/

[azsunsurfer]

Originally Posted by locolife

I believe that one.

https://azbex.com/planning-developme...nned-in-tempe/

Thanks Locolife! Not trying to get too off topic about Tempe but...

Wow that was entitled awhile ago and they still haven't moved dirt yet...it's like Tempe's Astra....just to compare down the street on Apache as soon as both those student housing projects were entitled the land was cleared and there are construction crews already starting on the foundations....

[skiesthelimit]

Originally Posted by azsunsurfer

Thanks Locolife! Not trying to get too off topic about Tempe but...

Wow that was entitled awhile ago and they still haven't moved dirt yet...it's like Tempe's Astra....just to compare down the street on Apache as soon as both those student housing projects were entitled the land was cleared and there are construction crews already starting on the foundations....

I would say X Tempe or Tempe Depot is moreso Tempe’s Astra. iirc this project is relatively new and caught us all by surprise since Devil’s Advocate is well and alive and there are so many other vacant lots available. The former two we’ve been waiting years for now with no movement.